CRO : SUPPORT & RESISTANCEI had MM on this coin due to bear pressure of BTC,
here's support and resistance lets see how cheap we can get it back
CRO
Harmonic pattern $CROi used ABCD pattern for this and i know that's just the start for it if it didn't break the C of course
CRO BREAKOUTAs you can see on the chart, CRO appears to have finally broken out of a wedge that it entered way back in November.
Buckle up and enjoy the ride!
And always remember, when in doubt, just zoom out!
CRO long setup- Multi-month downtrend
- Price seems to have bottomed out
- Broke 50EMA (as in late december)
- MACD curling up ( " " " " " " ")
- MACD histogram green (" " " " " " )
Looking for either support found at the 50 EMA or a clean breakout + retest of the 100 EMA (purple)
However, since we're in a clear downtrend for CRO it is also likely that we'll see a rejection from the 100 EMA and a further move down. Despite this very strong bullish candle.
What would you do?
CRO daily chart looking to breakout?CRO (crypto.com) Daily
Chart...looking very bullish,
the price has a lower low,
but the RSI has a higher low...
the price will catch up with the
bullish RSI which makes this
chart read REGULAR BULLISH DIVERGENCE.
Crypto.com Chain ($CRO) FIBCrypto.com Chain ($CRO) FIB: $CRO DTF testing $0.4420 FIB support 5 times in 10 days. Oscillators suggest that this FIB won't hold and that a re-test of the BB LB is in order
CRO 🕊 updatehere are a few cro targets i got for now.. iif we push up, we could see more downside as well.
make sure to DYOR and follow proper risk management. and stay green
CRO could hit a massive run any day nowWith the tightening of the bull flag pennant (or so what I see it as), I see CRO popping off anytime soon. With further bullish divergence on the 4 hour chart at our current low, I see this as further support for the idea. This rally could be brought by news or simple reversal. Targets are above 1$, however I would be cautious, as I see us having strong resistance at all time highs. I currently have a trade active at the moment with a target of 0.8$ This is not financial advise.
The CRO is struggling to get out of the relegation channelThe CRO makes a top exit from the Relegation Channel, which allows him to attempt an attack for $ 0.49 along with 0.236 Fib Retracement. However, the $ 0.454 support line is still an important point.
Simple but smartHi guys
We hit the roof of the canal. If we react to the ceiling, the price is likely to fall.
Buying only makes sense if the channel ceiling is broken upwards and the channel price is high
Do not care about shadows
If you liked this analysis, please like and follow 🙏
Crypto.com COIN CRO scenariosWe are currently in the land of none: there are multiple scenarios that may occur.
++ US Exchange listing may break the up and cause Bull run
--- but if the expectations are not met, then we may end up to lower support bands.
--- volume is deteriorating
Currently we are falling against BTC so this looks like bearish for CRO, monitor intermediate time-frame RSI before executing any trade.
No financial advice.
Bearish CROI see decreasing volume, bearish forming P&F pattern, price is below 200 on 1H and 4H, price has been rejected at 50 on 4H, and trend overall looks like there will be further downside.
BTC possible drop : Alt-seasonAlts are popping as BTC funds move out of btc into other coins. But I believe the next phase will play out just as it did in previous months. BTC still has not filled the previous low around 42,300$. Alts are moving up in anticipation of the next drop. I expect the moves to be something as follows:
-alts move up to MA (currently happening)
-Btc drops (probably hard and heavy)
-alts drop following btc drop (a good buy opportunity for alts imo)
My personal trade plan is to wait for btc to drop down towards previous low to create a Higher low. This would be my entry point. Not into BTC but into altcoins.
Happy holidays everyone.
CRO - LONGOpportunities NEVER come twice.....
Recommended to Buy on 18th Jan 2022.
Like this idea ? Please do a thumbs up.
CROUSD to 0.60 USD?Our man Gann show's me some evidence we are potentially moving towards .60 USD for CROUSD.
How do you see things?
Crypto.com THE FUTURECrypto.com - Furtune Favors the Brave
This well-known announcement / outgiving made by them will be true, in the FUTURE.
CRO is know at 0.43€
I'm seeing this Currency/Platform/Company compete or even surpass binance. Wich is currently at 424.30€
Having said that, imagine how many percent could rise/value in the next few years.
ARE YOU WATCHING THE MARKETS ?
WR ARE !
CRO has potential to breakout if RSI indicators stay above 50CRO has intermediate RSI indicators above 50 and Price Point Momentum oscillator Green with positive volume in long-term, the RSI indicator now broke overbought zone.
Historically, last time this happened the bull run lasted about 100 days followed a massive drop.
Monitor RSI indicators before executing any trade!
No financial advice.
Crypto.com Chain ($CRO) FIBCrypto.com Chain ($CRO) FIB: Things don't always go my way but all 3 $CRO buy targets of $0.44, $0.435 and $0.43 were met. Super awesome happy way to start the week. Am I done buying $CRO? NOPE! I will aim for a little lower this time. $0.425 to $0.41
#Crypto .com Coin (#CRO) at interesting support...Crypto.com Coin (CRO) at interesting support...
...by 2-Day MA Ribbon and 2-Day RSI - both well respected in the past.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
CRO in 2024: one of the worst scenarioOne of the worst scenario is that Crypto.com in unable to find new applications for CRO in which case we can lose 95% of the value against BTC.
It all depends on how well Crypto.com is able to utilise the Crypto market potential, execute new products and how well attract new customers, particularly organically.
Currently, the new audience from organic channels and paid channels may be 50/50.
Most loyal customers typically come from organic channels so how well Crypto.com can engage most loyal customers besides attracting new users without sacrificing quality
is the key.
No financial advice.
CRO in 2024?I have no simple answer to this:
1. if mass adoption continues as explosive as 2021Q4, it can beat BTC in which case the valuation can be extraterrestrial.
2. If mass adoption gets hindered and crypto will regularised, banned, then the prospects are minor.
3. Scenario: something inbetween?
It is as important for an utility coin to find new users as to find new usage areas such as Defi, NFT, VISA -- we need to find broader set of applications to make CRO go to the moon besides new users.
What could be the nnext applications, DEFI solutions set up CRO? CRO Name Services could be one like ETH Name Services, others?
No financial advice.
CRO (Crypto.com Coin) Token Analysis 28/07/2021Fundamental Analysis:
Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.
Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app.
In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well.
CRO went live in November-December 2018.
CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions.
CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Crypto.com Chain.
Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.
When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO.
Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card.
Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities.
CRO is built on top of Ethereum’s (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function.
Crypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao.
Kris Marszalek, an alum of the Polish Adam Mickiewicz University, has founded and headed three companies prior to starting Crypto.com: consumer electronics design and manufacturing business Starline Polska, location-based service mobile app and platform YIYI and the e-commerce firm BEECRAZY.
Rafael Melo earned his bachelor’s degree in engineering from the PUC-Rio. Over his more than 15-year-long career in finance, Melo has worked with major companies in Asia and helped secure over 50 million AUD in funding for the Ensogo social commerce website.
Gary Or is a software engineer with over nine years of fullstack engineering experience. Prior to co-founding Crypto.com, Or worked as platform architect at Ensogo and co-founded the mobile app development firm Foris. He received his bachelor’s degree in engineering, computer science from the University of Hong Kong.
Before helping launch Crypto.com, Bobby Bao worked in the M&A department of the China Renaissance investment bank. Bao has studied at the University of Melbourne, NYU Stern School of Business and the College of William & Mary.
The total supply of CRO is limited to 30 billion coins (following 70 billion CRO burned in 2021), all of which were created when the blockchain went live — making it a non-mineable cryptocurrency.
The total supply of CRO will be allocated for five different purposes:
30% — Secondary distribution and launch incentives - released in batches on a daily basis over five years from November 14, 2018;
20% — Capital reserve - frozen until Nov, 7, 2022;
20% — Network Long-Term Incentives - frozen until Nov. 7, 2022;
20% — Ecosystem grants - frozen until the launch of Crypto.com Chain Mainnet;
10% — Community development.
The live Crypto.com Coin price today is $0.123236 USD with a 24-hour trading volume of $41,467,222 USD. Crypto.com Coin is up 5.78% in the last 24 hours. The current CoinMarketCap ranking is #30, with a live market cap of $3,113,312,195 USD. It has a circulating supply of 25,263,013,692 CRO coins and a max. supply of 30,263,013,692 CRO coins.
Technical Analysis:
as we can see there exist a Hidden Bullish Divergence with MACD which is the sign of bearish trend reversal and as the price is currently reaccumulating at the 78.6% retracement level of Fibonacci which is a very powerful Pivot level and can turn the trend from bearish to bullish.
there are 3 targets defined for the upcoming Bullish Cycles Fibonacci projection where the 3 TP gets its confirmation as the 2 TP gets triggered followed by some retracement and price correction
CRO History: oscillator against BTC, Bull runs and Bear runsHistorical overview to CRO against BTC:
1. CRO acts as oscillator against BTC, this is a good thing.
2. bull runs can be very short or long
3. over extensions are quite common in both directions
No financial advice.
